According to the public record, Flat 46, Pella House, London is a early-century leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Pella House, Orsett Street, London, SE11.
Orsett Street, London, SE11 is located in the borough of Lambeth within the SE11 postal district.
Flat 46, Pella House, London has a single entry in the Land Registry database from January 2023 and a single entry in the EPC database dated July 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 46 Pella House London as £334,320 and the rental value as £1,808 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of Flat 46 Pella House London has increased by £6,719 (2.0%) and its rental value has increased by £96 per month (5.3%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 46, Pella House, London is in very good condition we estimate a sale value of £351,037 and rental value of £1,898 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £310,918 and a rental value of £1,681 per month.
If you were able to purchase this property for the estimated value of £334,320, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,643 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, Flat 46, Pella House, London was last sold on 06 Jan 2023 for £325,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2023, the market for similar properties has risen 4.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 46, Pella House, London within a radius of 260 metres over the last 2 years.
The most recent example is Flat 35, Malmsey House, Vauxhall Street, London, SE11 5LT, a Leasehold flat which sold for £319,000 in Oct 2023.
Read more about house prices in SE11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Orsett Street, London, SE11 has a total of 87 addresses. According to our analysis of all the public data, Flat 46, Pella House, London is the 63rd largest and the 66th most expensive property on the street.
When compared to the postcode district it is £219k less expensive than the average property in SE11.
Flat 46, Pella House, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Jul 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 46, Pella House, London is Vauxhall station which is 600 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 46, Pella House, London, 68.6% of property is socially rented and 19.5% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 46, Pella House, London, 15.9% of residents are recorded as possessing school level qualifications and 41.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 46, Pella House, London, the average age was 36.8 and the most common age was 27.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 46, Pella House, London, 0.8% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 46, Pella House, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.